![]() They usually offer quick service with reasonable fees. Several locations, like Western Union and MoneyGram, specialize in money orders. Similar to a bank, you can cash money orders at credit unions if you have a credit union account. Consider cashing your money order at a bank where you already have an account so that you can securely deposit the funds immediately. One of the easiest ways to receive your funds is to cash a money order at the bank. Depending on where you live and the places you frequent, some of the options below may be better suited for you than others. You may wish to notify the sender that you successfully cashed their money order.Ĭashing a money order is usually convenient, as there are several places that offer this service. Consider securing your funds in a money belt or wallet. Place your cash in a safe location prior to leaving the service counter. The fees will be deducted from the total amount of cash you collect. You may have to pay a fee to cash a money order, although the fees tend to be low. Government-issued IDs such as a passport, driver’s license, and military card are all valid forms. Show your identification to prove that you’re authorized to cash the money order. Then, sign the back of the order to endorse it. Wait to add your signature to the back of the money order until you’re ready to hand it over to the cashier. Review our full list of where to cash a money order in the section below. You can take the money order to your bank, credit union, grocery store, and some retail stores. Bring your money order to a location that will cash it.Consider unloading your cash as soon as you can so you’re not carrying around a large sum of money. After receiving your cash, you can either deposit it into your bank account or utilize the funds for what you need. How to Cash a Money Orderįollow the steps below to cash a money order successfully. If you’re wondering how to cash a money order, we’ve laid out the step-by-step guide below, along with a list of where to cash a money order. Fortunately, money orders are a convenient and affordable way to send guaranteed money to any recipient of your choosing. Because money orders are guaranteed, a recipient may prefer this type of payment method to a check. You may need to use a money order for a rental security deposit, a used car purchase, or for sending money internationally or through the mail. ![]() Money orders are a trusted way to send cash, especially when a paper check won’t suffice or isn’t available. Have you heard of money orders but are not sure what they are or when they’re used? We’re here to answer all of your questions.Ī money order is a secure payment method for sending a prepaid amount.
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